Equitable Trust Co. Sells 4,750 Shares of GE Aerospace $GE

Key Points

• Equitable Trust Co. reduced its holdings in GE Aerospace by 21.7%, selling 4,750 shares to hold a total of 17,145 shares valued at $4,413,000.
• GE Aerospace reported better-than-expected earnings for the quarter, posting an EPS of $1.66 compared to the consensus estimate of $1.43, alongside a year-over-year revenue increase of 21.2%.
• The company announced a quarterly dividend of $0.36 per share, which equates to an annual yield of 0.5%, with the payment date set for October 27th.

Equitable Trust Co. lessened its holdings in GE Aerospace (NYSE:GE - Free Report) by 21.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,145 shares of the company's stock after selling 4,750 shares during the period. Equitable Trust Co.'s holdings in GE Aerospace were worth $4,413,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its stake in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares during the period. GAMMA Investing LLC boosted its stake in GE Aerospace by 18.5% during the first quarter. GAMMA Investing LLC now owns 25,311 shares of the company's stock worth $5,066,000 after buying an additional 3,946 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in GE Aerospace by 10.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 643,659 shares of the company's stock worth $128,829,000 after buying an additional 62,322 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its stake in GE Aerospace by 3.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 18,301 shares of the company's stock worth $3,663,000 after buying an additional 532 shares during the period. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $297.47 on Tuesday. The company has a market capitalization of $315.45 billion, a PE ratio of 41.49, a P/E/G ratio of 3.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The company has a 50-day simple moving average of $283.87 and a two-hundred day simple moving average of $248.35. GE Aerospace has a one year low of $159.36 and a one year high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GE. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday. Zacks Research lowered shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Citigroup reissued a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $267.13.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

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